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Linear Labs to begin mass production of high-torque M200 e-mobility motor in September

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million economic incentive deal with the City of Fort Worth. The company will start with an allocation of production that is distributed between itself and several Tier One sub-contractors in order to expedite the manufacturing ramp rate and delivery of motors to early customers.

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HET motor company Linear Labs raises $6M in new funding

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Linear Labs has raised an additional $6 million in funding to further develop manufacturing capabilities and grow its employee base. million partnership with the City of Fort Worth, Texas, was announced, which includes an incentive package involving Linear Labs’ plans to develop an advanced manufacturing facility.

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Walmart to buy 4,500 Canoo electric delivery vehicles; option for up to 10,000

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While the LDV is expected to begin hitting the road in 2023, the companies plan to kick-off advanced deliveries to refine and finalize vehicle configuration in the Dallas Fort Worth metroplex in the coming weeks. Canoo anticipates starting production of the Lifestyle Delivery Vehicles beginning in Q4, 2022.

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GM and Glencore enter multi-year cobalt supply agreement

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Glencore and General Motors announced a multi-year sourcing agreement in which Glencore will supply GM with cobalt from its Murrin Murrin operation in Australia. It is known for its heat-resistant properties and is added to lithium-ion battery cathodes to improve energy density and battery longevity.

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GM and POSCO Chemical to process cathode active material at new $400M joint venture plant in Québec

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General Motors and POSCO Chemical are working with the governments of Canada and Québec to build a new $400-million facility in Bécancour, Québec, to produce cathode active material (CAM) for GM’s Ultium batteries, which will power electric vehicles such as the Chevrolet Silverado EV, GMC HUMMER EV and Cadillac LYRIQ. Earlier post.)

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Fort Worth approves $68.9M incentive package for Linear Labs for electric motor manufacturing

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The City of Fort Worth, Texas has approved a $68.9-million million economic incentive package for electric-motor-manufacturer Linear Labs ( earlier post ) to further solidify the city as the next tech innovation hub.

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GM and MP Materials enter long-term supply agreement to scale rare earth magnet sourcing and production in US

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General Motors and MP Materials ( earlier post ) have formed a strategic collaboration to develop a fully integrated US supply chain for rare earth magnets. Neodymium-iron-boron (NdFeB) magnets are critical inputs that enable electric motors to transform electricity into motion.

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